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The House Transportation-HUD Appropriations Subcommittee today reported out the FY 2008 funding bill for the Department of Transportation. The bill fully funds the highway and transit programs at the SAFETEA-LU guaranteedlevels. The highway program is funded at $40.2 billion (this includes the$39.6 billion authorized level and $630 million in RABA funds included toreflect actual Highway Trust Fund receipts). Highway program funding in FY2007 is $39.1 billion. The transit program is funded at $9.7 billion, an increase of approximately 8 percent over last year's level of $8.97 billion.
The bill also contains $3.6 billion for the Airport Improvement Program (AIP) an increase of $85.5 million above fiscal year 2007.
The House leadership hopes to have the bill considered by the full House by the end on June.
 
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